Wall Street Zen Downgrades Fitell (NASDAQ:GMEX) to Strong Sell

Fitell (NASDAQ:GMEX) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings began coverage on Fitell in a research report on Monday, April 27th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Fitell Stock Up 8.1%

Shares of GMEX stock opened at $1.47 on Friday. The company has a current ratio of 4.88, a quick ratio of 3.98 and a debt-to-equity ratio of 3.78. The stock’s 50-day moving average price is $7.18. Fitell has a 12 month low of $1.32 and a 12 month high of $7,958.21.

Fitell (NASDAQ:GMEX) last posted its quarterly earnings results on Friday, April 17th. The company reported ($535.18) earnings per share for the quarter. The firm had revenue of $1.37 million for the quarter.

About Fitell

Founded in 2007 and headquartered in New South Wales, Australia, GD Wellness Pty Ltd (“GD”) is a wholly owned subsidiary of Fitell Corporation, a Cayman Islands company (together with its subsidiaries, “Fitell,”). We are an online retailer of gym and fitness equipment both under our proprietary brands and other brand names. Fitell’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years, which we believe to be a testament of our product quality and brand loyalty.